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Review of OperationsMessages from Management Mazda’s Environmental and
Safety Technology
Corporate Information Financial Section
8. SHORT-TERM DEBT AND LONG-TERM DEBT
Short-term debt as of March 31, 2009 and 2008 consisted of loans, principally from banks with interest averaging
1.50% and 1.60% for the respective years.
Long-term debt as of March 31, 2009 and 2008 consisted of the following:
Thousands of
Millions of yen U.S. dollars
As of March 31 2009 2008 2009
Domestic unsecured bonds due serially 2009 through 2014
at rates of 1.30% to 1.87% per annum ¥ 95,000 ¥105,000 $ 969,388
Loans principally from banks:
Secured loans, maturing through 2020 66,433 39,121 677,888
Unsecured loans, maturing through 2018 407,479 255,413 4,157,949
Lease obligations, maturing through 2017 57,224 35,594 583,918
626,136 435,128 6,389,143
Amount due within one year (61,613) (66,024) (628,704)
¥564,523 ¥369,104 $5,760,439
The annual interest rates applicable to long-term loans and lease obligations outstanding averaged 1.68% and
3.76%, respectively, for obligations due within one year and 1.86% and 4.39%, respectively, for obligations due after
one year at March 31, 2009. The annual interest rates applicable to long-term loans and lease obligations outstanding
averaged 1.95% and 2.99%, respectively, for obligations due within one year and 1.73% and 2.96%, respectively, for
obligations due after one year at March 31, 2008.
As is customary in Japan, general agreements with banks include provisions that security and guarantees will be
provided if requested by banks. Banks have the right to offset cash deposited with them against any debt or obligation
that becomes due and, in the case of default or certain other specified events, against all debts payable to banks.
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2010 ¥ 61,613 $ 628,704
2011 72,565 740,459
2012 165,016 1,683,837
2013 79,099 807,133
2014 84,346 860,673
Thereafter 163,497 1,668,337
¥626,136 $6,389,143
The assets pledged as collateral for short-term debt of ¥53,690 million ($547,857 thousand) and ¥39,497 million
and long-term debt of ¥66,433 million ($677,888 thousand) and ¥39,121 million at March 31, 2009 and 2008,
respectively, were as follows:
Thousands of
Millions of yen U.S. dollars
As of March 31 2009 2008 2009
Property, plant and equipment, at net book value ¥458,911 ¥473,554 $4,682,765
Other 5,079 36 51,827
¥463,990 ¥473,590 $4,734,592
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